![TFD [LOGO].png](https://static.wixstatic.com/media/1c4fd3_548a902f0e634d898458c2078da13fc9~mv2.png/v1/crop/x_67,y_226,w_358,h_43/fill/w_169,h_20,al_c,q_85,usm_0.66_1.00_0.01,enc_avif,quality_auto/TFD%20%5BLOGO%5D.png){kind=small}
![TFD [LOGO] (10).png](https://static.wixstatic.com/media/bea252_c1775b2fb69c4411abe5f0d27e15b130~mv2.png/v1/crop/x_150,y_143,w_1221,h_1193/fill/w_179,h_176,al_c,q_85,usm_0.66_1.00_0.01,enc_avif,quality_auto/TFD%20%5BLOGO%5D%20(10).png)
Shares of Advanced Micro Devices (AMD) and Super Micro Computer plummeted following disappointing earnings reports, triggering a broader selloff in chip stocks, Harshita Mary Varghese reported for Reuters.
AMD's premarket trading saw a more than 6% decline, resulting in a potential loss of over $16 billion in market value. I Photo: AMD Facebook
AMD's premarket trading saw a more than 6% decline, resulting in a potential loss of over $16 billion in market value. The company's forecast of $4 billion in AI chip sales for 2024 fell short of Wall Street's expectations.
Similarly, Super Micro Computer experienced an over 11% decline as its third-quarter revenue missed estimates, raising concerns about the profitability of its new line of servers.
Executives from both companies cited supply constraints as a hindrance to capitalizing on the growing demand for equipment powering the surge in generative AI.
Comments